- Nov 6, 2006
Well, yeah - because the ratio is often 10,000 to 1. No one gets ahead by spending 10,000 times more than the reward, and where gasoline is the thing you are buying - you're literally burning money. (In some cases 1% cash back earns you 1 point, and then 100 points = $1 do the math.)I have one card that gives me 1% to 2% cash back .... But, after a while of using it, I felt the cash back was pretty minimal in the end.
I'd rather reduce my driving by 20% than spend it in pursuit of 2% rewards.